3 Comments

Great blog! Are the CFO's forecasts generally in line with corporate guidances? After all, corporate guidance is less often over-optimistic.

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Not really. Corporate guidance is manipulated so that the company can beat it, while these forecasts of CFOs are made independently and presumably trflect their honest opinions.

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It is also useful here to distinguish CFOs goals and likely realisation. If the CFO is asked about the revenue forecast, the answer may also be his or her goal for it. Not the actual expectation.

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